NYSE:PMTobacco
Did Surging Smoke-Free Product Sales Just Shift Philip Morris International's (PM) Investment Narrative?
In its recently reported second-quarter 2025 results, Philip Morris International announced that shipment volumes for smoke-free products, including IQOS, ZYN, and VEEV, rose 11.8%, fueling a 15.2% increase in net revenues.
Smoke-free products now contribute 41% of total revenues and 42% of gross profit, underscoring the company's significant progress in pivoting away from traditional cigarettes.
We'll now examine what Philip Morris International's accelerating revenue growth in smoke-free...